Profit after tax minus foreign exchange loss
: Rm 56 million
EPS
:0.035
Beat expectation!! Good quarter !

?台积电 Q2 财报大爆发 ‼️

全球最大芯片代工厂台积电（TSMC） 公布第二季度业绩：

✅ 营收 & 净利润双双创历史新高
✅ 净利润激增 61%，远超分析师预期
✅ AI 带动订单暴涨，显示全球 AI 投资热潮持续升温！

这次财报不仅展现了台积电的强大执行力，也再次印证了 AI 是当前科技领域最强主线。

Frontken: Squeaky Clean Profits, but ROE Needs a Polish

Frontken Corporation Berhad is a leading service provider specializing in advanced precision cleaning, surface treatment, and maintenance of high-value components for the semiconductor and oil & gas industries.

Over the past six years, it has been riding a pretty sweet growth wave - revenue grew at a solid 11% CAGR, thanks to booming demand in semiconductors, smart capacity expansions, and a nice little comeback from its oil & gas business.

Profits shot up even faster, with PAT growing at 15% CAGR. That is the magic of doing more high-value work, keeping costs in check, and squeezing more out of each dollar, particularly in its powerhouse hubs of Taiwan and Singapore.

But here is the twist. Despite raking in more profits, ROE barely budged, moving from 20.0% in 2019 to just 20.7% in 2024. Why?

Well, Frontken has been playing it safe - retaining lots of earnings, issuing new shares from warrant conversions in 2024, and keeping its balance sheet squeaky clean. All great for stability, but not exactly ROE fuel.

Still, on the Fundamental Mapper, Frontken shines bright, sitting proudly to the right with its strong business performance. But… maybe just a little too bright for the market’s liking. With its stock price possibly outpacing its fundamentals, it is landed in the Gem quadrant—sparkling with quality, but perhaps already fully admired.